UBS Group Cuts Wallbox (NYSE:WBX) Price Target to $3.00
by Kim Johansen · The Markets DailyWallbox (NYSE:WBX – Free Report) had its price target trimmed by UBS Group from $4.00 to $3.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.
Wallbox Stock Up 0.9%
Shares of WBX stock opened at $3.30 on Thursday. The firm has a 50 day moving average of $2.88 and a 200-day moving average of $3.56. Wallbox has a 52 week low of $2.30 and a 52 week high of $8.00.
Wallbox (NYSE:WBX – Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.54. Wallbox had a negative net margin of 71.11% and a negative return on equity of 569.20%. The company had revenue of $39.55 million for the quarter, compared to the consensus estimate of $42.82 million.
About Wallbox
Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.
Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.